#FOMCMeeting
The day of the FOMC has arrived! Wall Street operates with caution, Cryptos fall and the dollar rises.
$ETH
US stock index futures rose slightly on Wednesday, as markets eagerly awaited the Federal Reserve's latest interest rate decision of the year and signals as to whether policymakers will take a more cautious approach in 2025.
The Fed is widely expected to cut interest rates by 25 basis points at its meeting. The announcement is scheduled for 2 p.m. ET on Wednesday.
Since a rate cut is already widely discounted, attention will be on the Fed's Summary of Economic Projections (SEP), which includes the "dot plot" of rate projections, and on Chairman Jerome Powell's comments for clues about the course of rates in 2025.
The main Wall Street indexes had fallen in Tuesday's session, with the Dow recording its ninth consecutive daily decline, its longest streak since February 1978, as markets increasingly expect a more restrictive Fed next year due to strong growth and persistent inflation, which limit the argument for constant rate cuts.
